Currency Future and Options Contracts (involving Indian Rupee) on Exchanges in International Financial Services Centres (IFSC)

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.... and Options Contracts (involving Indian Rupee) on Exchanges in International Financial Services Centres (IFSC) 1. Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015 were notified on March 27, 2015, which came into force on April 01, 2015 wherein currency derivatives were specified as permissible securities in which dealing may be permitted by stock....

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....ions on proprietary basis as well as clients' position) - Gross open position across all contracts not to exceed 15% of the total open interest or USD 1 billion equivalent, whichever is higher b) Institutional Investors - Gross open position across all contracts not to exceed 15% of the total open interest or USD 1 billion equivalent, whichever is higher c) Eligible Foreign Investors (as refer....

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.... The aforementioned explanation shall also be applicable for SEBI circular (SEBI/HO/MRD/DRMNP/CIR/P/2017/43) dated May 17, 2017 in connection with Position limits for cross-currency futures and options contracts (not involving Indian Rupee) on exchanges in International Financial Services Centres. 5. Stock exchanges shall impose appropriate penalties for violation of position limits by eligible ....